Aguia Resources is hitting its straps in Colombia, slashing monthly costs by 74 per cent and consistently feeding high-grade ore above 10 grams per tonne gold to its Santa Barbara plant. The operational turnaround has landed just as the company is ramping up production at its newly licensed phosphate fertiliser project in Brazil, creating a dual-commodity growth story.
Aguia Resources has tightened its leadership ranks, naming Tim Hosking as managing director to steer the company as its key South American projects gather momentum. The move follows his recent elevation to CEO. It comes as the multi-commodity miner edges closer to first mining at its flagship phosphate operations in Brazil, with initial production slated for the coming quarter.
Aguia Resources is ramping up preparations for mining at its Três Estradas phosphate project in Brazil, with upgrades progressing ahead of schedule and production slated to begin in March of next year. Work at the mine site is advancing steadily, with a drainage system for the sump area and a 9-kilometre municipal road access already complete.
